P.M. Edition for Oct. 13. It was another strong quarter for some of the country’s biggest banks, but WSJ banking and payments reporter Ben Glickman says rising interest rates are darkening the mood on Wall Street. Plus, Journal housing reporter Nicholas Miller tells us about a new type of mortgage that’s driving investment in some low-income neighborhoods. And Kimberly Guilfoyle has resigned as U.S. ambassador to Greece following Journal reporting that she had solicited payments from a Trump donor ahead of her confirmation. Alex Ossola hosts.
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